AMMAN, Jordan - July , 2011 – INVESTBANK joined forces with Savvytek, the International leading provider of IT solutions, to implement the Oracle E-Business Suite (EBS) applications version R12. This version consists of Oracle Financials (General Ledger, Accounts Payable, Fixed Assets, , Human Resource Management System (HRMS), (Oracle Payroll, Employee Self-Service) and the integration with Flexcube Core Banking.

INVESTBANK Chief Executive Officer, Mr. Muntaser Dawwas, expressed that the implementation of the Oracle EBS will positively contribute to the bank’s operational business and performance as well as aid in building the bank’s staffing capacity .

"The application of this program will enable INVESTBANK to make decisions and implement activities efficiently based on accurate analytical reports with minimum risk” Dawwas pointed out.

Meanwhile, Savvytek President, Mr. Mohammad Tahboub, said: "By adopting these applications, INVESTBANK has made an unprecedented achievement in the Kingdom. Savvytek is pleased to mark this achievement in its successful course with INVESTBANK who is one of our clients well-known for its commitment and clear vision."

INVESTBANK:

INVESTBANK offers full banking services in Jordan, and employs more than 300 employees in nine branches in major cities throughout the Kingdom. INVESTBANK meets the needs and requirements of its customers through: banking services for corporate, SMEs, individuals, and investments. The Bank’s subsidiaries include Al Imdad , Al Mawared for Brokerage and Tamkeen .

INVESTBANK plans to cover all the needs of the market in order to achieve a prosperous and secure future through the provision of services and innovative products to all its customers, as well as participation in enhancing the society’s development. For more information, please visit the following website: www.investbank.jo

Savvytek:

An international leading provider of IT solutions that provides services in integrating best-of-breed products. Savvytek offers its services to a wide base of customers worldwide through its branches in Jordan, Saudi Arabia, and Qatar in addition to its headquarters in the United States. Savvytek is an Oracle Specialized Platinum Partner.